Topic: archived - page 74. (Read 146436 times)

90% block are mined

The Bittrex guy who usually list coins is on a vacation, so we try to add XXX to Poloniex first.

We submitted the details, but the more people would do it the more chance that devs will list it:
https://poloniex.com/coinRequest

Details for the form:
Coin's name: XXXcoin
Coin's symbol: XXX
Announcement page: https://bitcointalksearch.org/topic/archived-665809
Block explorer: http://xxx.explorer.ssdpool.com:9013/

Currently we are talking with Brazzers, MPLstudios, X-art, Wowgirls
And it looks they will give it a try as soon as our payment site is done.

But we will have an affiliate section on our site, so any user can collect new merchants, and they will get payouts from us.


You have abused our privacy rights by sharing our private conversations.

The two biggest pool which has got 99% of the hashrate didn't conflict about why we bring this
security option, just to make sure all pools will pay the shares of their miners.
but you who got almost 0 hashrate debates all the time.



We know a guy who mined more than 3 million XXX coin in 1 day, this guy invested a lot of BTC to rent big mining rings,
after that premine don't look so much.
We don't think you have to care about dumping the premine, we started our project February this year, we have been working on it for months now,
why would we risk all our invested time in this project just for dumping it for a few btc?

If we wanted to make some quick btc, we would just make 20 copy paste X11 and X13 coin with 1% premine, and thats all.
It would make no sense, really...

But in itself there is really nothing wrong with dumping, if more people will try to sell his XXX at start, because they don't believe this
or they just wanted to make some quick BTC, that means price will be really low,
this would make a good opportunity for new investors who wants to invest their BTC,
because ther risk whould be exactly the same, but now the price is much lower, so the profit can be 10 times more or even 100 for the lowest price.

Complaining about dumping really a stupid thing, if you have mined your XXX, you have the right to sell it anytime you wants.

You have abused our privacy rights by sharing our private conversations.

The two biggest pool which has got 99% of the hashrate didn't conflict about why we bring this
security option, just to make sure all pools will pay the shares of their miners.
but you who got almost 0 hashrate debates all the time.

hi, for now dev has premine, in 1 day dev will send coins to managers, not his managers, but guys we wanted on forum and irc, if it will not happen i can promise u he will never sell his premine, will take care about this,
id there was about bounties, i was mining one time one coin few months ago, dev gave bounties for pools before mining ended, there was about 30-40 pools, all pools got bounty, after that all pools (70%) witg small hashing closed explaining ddos etc etc, maybe XXX dev did not think about it before he offered something, but in my companies i own rules are clear, u get paid after u make your work good,
what interest have small pool to get miners, to fight to get miners if they will get free bounty coins? So just wait after POW will be finished, and then we will see.

I saw wany coins even darkcoin, where dev was making everythinh "honestly" 1. Honestly instamined in 1 hour minimum 40% of coins. 2. Honestly cut amount of coins. 3. Honestly no wallet on start. Honestly he sold cheap instamined coins and bought back, i will never believe in this trick. Honestly for after fork. And look now where is dark even dev changed everything all the time.

my issue is that the developer advised one thing, then turned and changed his mind to another thing.
If this has happened once, it will happen again on other issues.
Developer advised that this bounty would be paid ON LAUNCH. Now the goalposts have moved and I have lost trust in the developer and his team.

Who now has the premine? Which escrow is being used? Where are the bounties?

Dev is silent. I don't trust anything he says. I'm actually sitting waiting on some ridiculous excuse as to why bounties won't be paid...

so we agree to get into market needs time, so lets wait, dev and premine is no problem, we know premine address, we have members who can also buy premine and do right thing with it, we need some patience

no, you completely misunderstand what I am saying.
I don't see any coin rushing upwards in value at any time... i'm a realist, these are altcoins - alternatives to bitcoin - I look for unique coins with some potential to markets, not potential to exchange.

raskul,
you own pool, you know how hard is to get miners if there is many pools around, think how hard is start and go with coin into maket if there is hundred coins, u want any coin go to the moon in 2 days? impossible, maybe possible if coin is pump and dump, but moon is only for a moment then:)

why did u have so low hashing on your pool?

Well I can understand your point about ethics.  Let's be real though, there isn't much ethics behind most coins that get listed anywhere.  

To your second point about merchants.  I am quite sure the merchant needs to be able to transfer their coins into USD/BTC somehow.  Isn't some sort of exchange involved at that point?  Or is there another way to do so?

Either way...all I was saying is that 1 satoshi is better than 0 satoshi.

Btw you seemed like you really care and are polite as well.  Tone is hard to detect in text, so don't take what I say as combative.

Cheers.

it seems to be all too commonplace these days.
1. Anonymous dev launches a coin with a massive premine
2. Anonymous dev offers bounties - to be paid at launch
3. Anonymous dev backtracks on bounties and with-holds permine
4. Anonymous dev does backdoor deals with exchanges
5. Anonymous dev dumps the entire premine on first exchange possible.

1+2+3+4+5 = coin dead.

we need to put pressure on the developer to let us know;

1. what merchants he has on board (this coin should never have been launched without prior market interest)
2. when the bounties will be paid
3. premine escrow address (dev assured the pre-mine would go into escrow)

however, he's the usual scrypt;

"We have given x-person the premine to hold as escrow"

wait 48 hours...

"x-person has done a runner with the premine"



 
Until all bounties are paid, I'd advise any exchange looking at this to be very wary.

It's a matter of ethics for exchanges to ensure that the purpose of adding a coin to their markets is not for the sole purpose of the premine being dumped, because when this happens, it's the premine dump which dictates the price at 1satoshi, and the entire community is therefore affected by this.

If the coin purpose is true and the developer has merchants on board, then it needs no exchange. A good XXXCoin website with a p2p trade function is all the coin needs and it will be the merchants who dictate the prices, as opposed to spotty teenagers with parents credit card details.

keep it off exchanges until the developer shows transparency and can be proved to be above board.

Why would anyone blame an exchange because people decide to dump?  That makes zero sense.  Seriously, have you ever heard "wow I can't believe bittrex allowed that dev to sell his coins!"...never.  Why is an exchange responsible for anything except providing a platform for trade?

My point was, a dead coin without an exchange helped NO ONE.

It's similar to punishing a whole class of kids because one kid was bad.

Don't you run a pool?  It hurts you too, right?